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The Great Financial Crisis: Causes and Consequences - Foster, John Bellamy / Magdoff, Fred
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2008, ISBN: 9781583671856

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In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many--including economists and financial experts--were shocked by the speed at which events unfolded. In this new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the financial meltdown, how it developed, and the implications for the future. They examine the specifics of the housing bubble and the credit crunch as well as situate current events within a broader crisis of monopoly-finance capitalism--one that has been gestating for several decades. It is the "real" productive economyas tendency toward stagnation, they argue, that creates a need for capital to find ways to profitably invest its surplus. But rather than invest in socially useful projects that would benefit the vast majority, capital has constructed a financialized "casino" economy that neglects social needs and, as has become increasingly clear, is fatally unstable. Written over a two-year period immediately prior to the onset of the crisis, this timely and illuminating book is necessary reading for all those who wish to understand the current situation, how we got here, and where we are heading. The Great Financial Crisis: Causes and Consequences Foster, John Bellamy / Magdoff, Fred, Monthly Review Press

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The Great Financial Crisis - Magdoff, Fred; Foster, John Bellamy
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In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many—including economists and financial experts—were shocked by the speed at which events unfolded. In this new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the financial meltdown, how it developed, and the implications for the future. They examine the specifics of the housing bubble and the credit crunch as well as situate current events within a broader crisis of monopoly-finance capitalism—one that has been gestating for several decades. It is the "real" productive economy's tendency toward stagnation, they argue, that creates a need for capital to find ways to profitably invest its surplus. But rather than invest in socially useful projects that would benefit the vast majority, capital has constructed a financialized "casino" economy that neglects social needs and, as has become increasingly clear, is fatally unstable. Written over a two-year period immediately prior to the onset of the crisis, this timely and illuminating book is necessary reading for all those who wish to understand the current situation, how we got here, and where we are heading. Business Business eBook, Monthly Review Press

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[SR: 4953638], Hardcover, [EAN: 9781583671856], Monthly Review Press, Monthly Review Press, Book, [PU: Monthly Review Press], Monthly Review Press, 268159, Economic Conditions, 268153, Economics, 68, Business, Finance & Law, 1025612, Subjects, 266239, Books

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The Great Financial Crisis: Causes and Consequences - John Bellamy Foster; Fred Magdoff
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Monthly Review Press, 2009-01-01. Hardcover. Very Good. Buy with confidence. Excellent Customer Service & Return policy. Ships Fast. Expedite Shipping Available., Monthly Review Press, 2009-01-01

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The Great Financial Crisis: Causes and Consequences Great-Financial-Crisis~~John-Bellamy-Foster Business>Economics & Finance>Economics & Finance Hardcover, Monthly Review Press

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Details zum Buch
The Great Financial Crisis: Causes and Consequences
Autor:

Foster, John Bellamy; Magdoff, Fred

Titel:

The Great Financial Crisis: Causes and Consequences

ISBN-Nummer:

In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many--including economists and financial experts--were shocked by the speed at which events unfolded.In this new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the financial meltdown, how it developed, and the implications for the future. They examine the specifics of the housing bubble and the credit crunch as well as situate current events within a broader crisis of monopoly-finance capitalism--one that has been gestating for several decades. It is the "real" productive economyas tendency toward stagnation, they argue, that creates a need for capital to find ways to profitably invest its surplus. But rather than invest in socially useful projects that would benefit the vast majority, capital has constructed a financialized "casino" economy that neglects social needs and, as has become increasingly clear, is fatally unstable. Written over a two-year period immediately prior to the onset of the crisis, this timely and illuminating book is necessary reading for all those who wish to understand the current situation, how we got here, and where we are heading.

Detailangaben zum Buch - The Great Financial Crisis: Causes and Consequences


EAN (ISBN-13): 9781583671856
ISBN (ISBN-10): 1583671854
Gebundene Ausgabe
Erscheinungsjahr: 2009
Herausgeber: MONTHLY REVIEW PR
144 Seiten
Gewicht: 0,272 kg
Sprache: eng/Englisch

Buch in der Datenbank seit 02.02.2009 21:44:51
Buch zuletzt gefunden am 01.07.2017 22:16:33
ISBN/EAN: 1583671854

ISBN - alternative Schreibweisen:
1-58367-185-4, 978-1-58367-185-6


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